Employment conditions at record high

About 1.3 million people are employed in WA

There were 22,600 more people with jobs in April, more than the 20,000 expected by economists, with the growth all coming in full-time positions, seasonally adjusted figures from the Australian Bureau of Statistics show.

He noted that the unemployment rate declined 0.25 percentage points over the past year and is expecting something similar over the year ahead.

The rise in unemployment was driven up by more people looking for work, with the participation rate in the workforce rising to a record 65.6 per cent.

In line with the increasing participation rate, employment increased by around 14,000 with part-time employment increasing by 8,000 persons and full-time employment by 6,000 persons in April 2018.

While the ABS employment data has softened in recent months, and the unemployment rate has been broadly unchanged for around a year, NAB believes the employment index, and survey leading indicators of labour market conditions all point to this being a temporary phenomenon.

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With labour supply expanding to meet demand, there is less upward pressure on wages and inflation and thus no near-term trigger for a rise in interest rates from the Reserve Bank of Australia (RBA).

The number of hours worked rose by 1.1 per cent in April and was up 5.4 per cent over the year, the strongest annual gain in 18 years.

Business is hiring more workers in Western Australia.

Unemployment increased 10,600 to 741,000.

According to the bank's April figures, the employment index at + 13 was, on a trend basis, at its highest level since the polling began in March 1997.

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